StatPro to acquire UBS risk and performance analytics unit

StatPro, which is a cloud-based provider, said in a news release Friday that the deal will extend its risk and performance analytics service to the front office of money management firms, from the middle office.

The acquisition will take place in phases over three to five years, with StatPro incorporating UBS Delta into its flagship StatPro Revolution platform. Until UBS Delta is fully integrated into StatPro, UBS will continue to operate and support the unit on behalf of its clients.